By Online Desk, The CNN :
Minister of Information and Broadcasting and Joint General Secretary of Awami League. Hasan Mahmud commented, “The rate of classified loans or non-performing loans has decreased in the country’s banks, which CPD has cleverly concealed in their report.” In 2008-9, the classified loan was 10.5 percent, and now it is 9.93 percent. In other words, the rate of bad loans has decreased compared to then
On Tuesday (December 26) in his constituency Rangunia in Chittagong, local journalists raised the issue of the Minister’s sharp criticism published in the media on the recent report of the CPD.
He also said, in 2009, our GDP was 80 billion dollars. Now the GDP is about 500 billion or half a trillion dollars. That means the size of the country’s economy has increased 6 times. And if the GDP increases, the size of classified or bad loans will also increase, it is natural. But how much of that is a share of GDP is the key issue, which the CPD report did not mention. Classified loans have increased, CPD said. But they only talked about the size, not the percentage, they kept it secret. Because, classified loan rates have come down. Their report is objective
At this time, the information minister also highlighted the statistics of the past and said, “Some of the CPD were associated with the country’s management in 2007-2008 and even then the classified loans were above 10 percent, i.e. higher than now.”
